BASEL III – A new approach to improve international financial stability
In its first part, the article highlights the factors standing at the basis of the modification of the general framework of development of the banking activity in the last decades and the main trends that manifested on the international banking market until the global financial crisis. Thenceforth,...
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| Format: | Article |
| Language: | English |
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Editura Fundatiei Romania de Maine
2010-09-01
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| Series: | Annals of Spiru Haret University Economic Series |
| Subjects: | |
| Online Access: | http://anale.spiruharet.ro/index.php/economics/article/view/674 |
| _version_ | 1819090277682380800 |
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| author | Claudia Gabriela BAICU |
| author_facet | Claudia Gabriela BAICU |
| author_sort | Claudia Gabriela BAICU |
| collection | DOAJ |
| description | In its first part, the article highlights the factors standing at the basis of the modification of the general framework of development of the banking activity in the last decades and the main trends that manifested on the international banking market until the global financial crisis. Thenceforth, the main lessons learned from the global financial crisis for the regulation and supervision authorities are presented. The final part of the article concerns the Basel Committee answer to the global financial crisis, concretised in a reform programme regarding the regulatory framework of the banking activity. The improvements and news brought by the Basel III reform programme take into account the flaws revealed by the global financial crisis and have the purpose to strengthen the stability of the international financial system. |
| first_indexed | 2024-12-21T22:21:17Z |
| format | Article |
| id | doaj.art-0de382019ae34763a2952aa8796de2dd |
| institution | Directory Open Access Journal |
| issn | 2393-1795 |
| language | English |
| last_indexed | 2024-12-21T22:21:17Z |
| publishDate | 2010-09-01 |
| publisher | Editura Fundatiei Romania de Maine |
| record_format | Article |
| series | Annals of Spiru Haret University Economic Series |
| spelling | doaj.art-0de382019ae34763a2952aa8796de2dd2022-12-21T18:48:19ZengEditura Fundatiei Romania de MaineAnnals of Spiru Haret University Economic Series2393-17952010-09-01103117123674BASEL III – A new approach to improve international financial stabilityClaudia Gabriela BAICU0Lecturer Ph.D. Faculty of Marketing and International Affaires Spiru Haret UniversityIn its first part, the article highlights the factors standing at the basis of the modification of the general framework of development of the banking activity in the last decades and the main trends that manifested on the international banking market until the global financial crisis. Thenceforth, the main lessons learned from the global financial crisis for the regulation and supervision authorities are presented. The final part of the article concerns the Basel Committee answer to the global financial crisis, concretised in a reform programme regarding the regulatory framework of the banking activity. The improvements and news brought by the Basel III reform programme take into account the flaws revealed by the global financial crisis and have the purpose to strengthen the stability of the international financial system.http://anale.spiruharet.ro/index.php/economics/article/view/674international banking regulation, global financial crisis, financial stability, sub-prime mortgage crisis, securitisation |
| spellingShingle | Claudia Gabriela BAICU BASEL III – A new approach to improve international financial stability Annals of Spiru Haret University Economic Series international banking regulation, global financial crisis, financial stability, sub-prime mortgage crisis, securitisation |
| title | BASEL III – A new approach to improve international financial stability |
| title_full | BASEL III – A new approach to improve international financial stability |
| title_fullStr | BASEL III – A new approach to improve international financial stability |
| title_full_unstemmed | BASEL III – A new approach to improve international financial stability |
| title_short | BASEL III – A new approach to improve international financial stability |
| title_sort | basel iii a new approach to improve international financial stability |
| topic | international banking regulation, global financial crisis, financial stability, sub-prime mortgage crisis, securitisation |
| url | http://anale.spiruharet.ro/index.php/economics/article/view/674 |
| work_keys_str_mv | AT claudiagabrielabaicu baseliiianewapproachtoimproveinternationalfinancialstability |